Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
United Arab Emirates Dirham/New Zealand Dollar (FOREX:AEDNZD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AEDNZD
The long term trend has been UP since Apr 24th, 2019 at 0.411275
The intermediate term trend has been DOWN since Jun 26th, 2019 at 0.407765
The short term trend has been DOWN since Jul 10th, 2019 at 0.409420
Smart Scan Analysis for AEDNZD
Based on a pre-defined weighted trend formula for chart analysis, AEDNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).